Under $50 for Oil – Where Do Prices Go from Here?

By | Energy Law Today | July 22, 2015

After what seems like a good week or two of hovering between $50 and $51 a barrel, WTI oil prices finally slid under that “magical” $50 per barrel threshold on the announcement late Tuesday by the American Petroleum Institute that crude inventories at Cushing, Oklahoma rose by 2.3 million barrels last week.   Later today additional supply data from the EIA will provide further clarity to the current supply status.